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Common Strategies to Follow As You Start to Earn Bitcoin

Estimated reading time: 2 mins

A perfect strategy for earning Bitcoin is the one that helps you to learn how you can enter or exit from the trading world. These strategies are adjusted with some series of technical indicators that will help you to identify some key prices stages or levels. If you do a little research, you will be finding an excellent series of fantastic forex trading strategies that are worth to use for earning consistently. For buying and selling a pair of currency successfully, it is essential to take into account and learn Bitcoin trading for beginners for smooth working.

Best Support & Resistance Trading Strategy

All the traders in Bitcoin marketing, no matter whether they are professional or advanced beginners, they should know how to figure out the resistance and support levels in the middle of the charts. It is evident from the name, this category of bitcoin strategy is located on top of the price charts, and it usually acts as the barrier within the bitcoin market. In simple terms, they will prevent different prices from either moving too much high or either moving too much low.

Superior Trend Trading Strategy

It is evident from the name that in this strategy, the prices will tend to move all the time in the trending chart and the idea is all about either to stay on the top or the bottom. This strategy will eventually help you to search for some trade entries by using some fantastic trading indicators. One of the most prominent indicators is RSI. RSI is the abbreviation of the Relative Strength Index, which will keep on moving in an upward and downward direction in the middle of 0-1000 scale. This will initially help you track down the strength of your currency pair.

High-quality Fibonacci Trading Strategy

This has been one of the famous and top leading strategies to earn Bitcoin trading. It is named after a well-known Italian Mathematician named Fibonacci. It is a long term form of trading strategy that follows the rules of support and resistance strategy. This is one of the best strategies for the moment when marketing is trading so quickly. Although for the beginners, this is a little overwhelming strategy to understand. Therefore it is mostly used by big traders or professionals who have a firm grip on its techniques.

Excellent Scalping Trading Strategy

Scalping has always remained one of the essential strategies in the bitcoin trading market to achieve massive success in terms of earning. Mostly the beginners have a conception in mind that bitcoin trading is all about risk trading, but this strategy will clear their myth. This strategy is basically about taking the range of profits on some small prices as soon as trading enters and become so much profitable. You often need a crypto bank to convert bitcoin. Scalping will bring fruitful results only by increasing the total number of winning trades and by reducing the size of wins. This strategy requires the traders typically to adopt a strictly based exit because more considerable losses will remove off the small benefits which they have achieved with so much hard work.

 

About the author /


Simon is a creative and passionate business leader dedicated to having fun in the pursuit of high performance and personal development. He is co-founder of Applied Change, a Business Change consultancy based in the UK. Simon is also an Ambassador for Gloucestershire business. Simon is an Associate Member of the Chartered Institute of Professional Development.

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